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Public Act 097-0812
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| SB3607 Enrolled | LRB097 18590 HLH 63822 b |
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AN ACT concerning revenue.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Property Tax Code is amended by changing |
Section 16-55 as follows:
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(35 ILCS 200/16-55)
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Sec. 16-55. Complaints. On written complaint that any |
property is
overassessed or underassessed, the board shall |
review the assessment, and
correct it, as appears to be just, |
but in no case shall the property be
assessed at a higher |
percentage of fair cash value than other property in the
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assessment district prior to equalization by the board or the |
Department. The board shall include compulsory sales in |
reviewing and correcting assessments, including, but not |
limited to, those compulsory sales submitted by the taxpayer, |
if the board determines that those sales reflect the same |
property characteristics and condition as those originally |
used to make the assessment. The board shall also consider |
whether the compulsory sale would otherwise be considered an |
arm's length transaction. A
complaint to affect the assessment |
for the current year shall be filed on or
before the 10th day |
of August in counties with less than 150,000 inhabitants
and on |
or before the 10th day of September in counties with 150,000 or |
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more but
less than 3,000,000 inhabitants, except if the |
assessment books containing the
assessment complained of are |
not filed with the board of review by the 10th day
of July in a |
county with fewer than 150,000 inhabitants or by the 10th day |
of
August in a county with 150,000 or more but less than |
3,000,000 inhabitants,
then the complaint shall be filed on or |
before 30 calendar days after the date
of publication of the |
assessment list under Section 12-10. The board may also,
at any |
time before its revision of the assessments is completed in |
every year,
increase, reduce or otherwise adjust the assessment |
of any property, making
changes in the valuation as may be |
just, and shall have full power over the
assessment of any |
person and may do anything in regard thereto that it may deem
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necessary to make a just assessment, but the property shall not |
be assessed at
a higher percentage of fair cash value than the |
assessed valuation of other
property in the assessment district |
prior to equalization by the board or the
Department. No |
assessment shall be increased until the person to be affected
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has been notified and given an opportunity to be heard, except |
as provided
below. Before making any reduction in assessments |
of its own motion, the board
of review shall give notice to the |
assessor or chief county assessment officer
who certified the |
assessment, and give the assessor or chief county assessment
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officer an opportunity to be heard thereon. All complaints of |
errors in
assessments of property shall be in writing, and |
shall be filed by the
complaining party with the board of |
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review, in duplicate. The duplicate shall
be filed by the board |
of review with the assessor or chief county assessment
officer |
who certified the assessment. In all cases where a change in |
assessed
valuation of $100,000 or more is sought, the board of |
review shall also serve a
copy of the petition on all taxing |
districts as shown on the last available tax
bill at least 14 |
days prior to the hearing on the complaint. All taxing
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districts shall have an opportunity to be heard on the |
complaint. Complaints
shall be classified by townships or |
taxing districts by the clerk of the board
of review. All |
classes of complaints shall be docketed numerically, each in |
its
own class, in the order in which they are presented, in |
books kept for that
purpose, which books shall be open to |
public inspection. Complaints shall be
considered by townships |
or taxing districts until all complaints have been
heard and |
passed upon by the board.
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(Source: P.A. 96-1083, eff. 7-16-10.)
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Section 99. Effective date. This Act takes effect upon |
becoming law.
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